Agencies, Boards, Commissions and Corporations (ABCCs) > Ontario Business Corporation Act (OBCA Corporations)
Toronto Community Housing Corporation Board of Directors
Toronto Community Housing Corporation manages a housing portfolio of approximately 58,500 units in over 2,000 buildings across 350 developments. The Corporation has a mandate to provide affordable rental housing for low and moderate-income households in the City, providing housing to over 164,000 tenants. Government funding subsidizing the operations is administered by the City's Shelter, Support and Housing Division acting as the Service Manager under the Social Housing Reform Act, 2000.
Toronto Community Housing is incorporated under the Ontario Business Corporations Act, with the City of Toronto as its sole shareholder.
The board of directors is responsible for the supervision of the management of the Corporation in accordance with the terms of the Shareholder Direction, including the following specific matters:
- establishing annual and long-range strategies and plans consistent with the provisions of the Direction
- establishing policies consistent with the Direction and the Social Housing Reform Act and all other relevant legislation
- establishing and maintaining appropriate reserves consistent with sound financial principles and program regulations established from time to time
- selecting bankers and other financial institutions and establishing all banking authorities
- appointing the officers of the Toronto Community Housing Corporation, appointing the boards of directors of the subsidiaries and approving Shareholder Directions for the subsidiaries in accordance with City direction
- directing all labour and employee-relations matters
Term of office
Two years with a renewal term of two years (without recruitment, with full recruitment every four years).
The board has 13 members, comprising:
- the Mayor or a member of Council as the Mayor's designate
- 3 City Councillors
- 2 citizen members who are tenants, to be directly selected by tenants and recommended to Council
- 7 citizen members
The board meets approximately 8 times a year or at the call of the Chair.